Adani Energy Solutions Limited achieves top ESG ratings in Q2FY24

Adani Energy Solutions Limited (“AESL”), a key player in India’s transmission and distribution sector, has made notable strides in its ESG (Environment, Social, & Governance) ratings for the July-September 2023 quarter (Q2FY24). The company has demonstrated substantial improvement across multiple performance parameters, as evidenced by ratings from various third-party firms.

Impressive Scores from Leading ESG Rating Agencies

Following its rebranding from Adani Transmission Limited in July 2023, AESL has been committed to broader and more sustainable energy solutions. This commitment is reflected in its impressive score of 86% from CSRHUB, surpassing the Electric & Gas Utilities industry average among 911 global companies. Moreover, Sustainalytics awarded AESL an ESG Risk Rating of 31.5, placing it in the Global Top 40 of the Electric Utility Industry.

Recognition from MSCI and FTSE4Good Index Series

MSCI has assigned AESL a stable ESG rating of ‘BBB’, highlighting its robust performance. Furthermore, FTSE has reaffirmed AESL’s status in the FTSE4Good index series, with an improved ESG score and exceptional governance rating.

AESL’s Commitment to Renewable Energy and Environmental Conservation

AESL is actively working towards UN Energy Compact goals, aiming for a 60% renewable energy share in bulk energy procurement by FY27. The company is also focused on reducing GHG emission intensity and has been instrumental in building transmission corridors for renewable power. Additionally, under its 1t.org commitment, AESL has planted millions of trees, contributing significantly to reforestation efforts.

AESL’s Dedication to Sustainable Change

Anil Sardana, Managing Director of AESL, expressed pride in these achievements, emphasizing the company’s dedication to sustainable change in the industry and its goal to be among the top 10 companies globally in this domain.